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BUSINESS TRAVELLERS’ NOTEBOOK VOLUME 015 certain teams restrict hiring to MBA interns. “They often work on more high-impact projects with very senior stakeholders, so their MBA training is likely to make them a more successful hire in those cases.” DEGREES OF EMPLOYABILITY At the University of Wollongong’s Sydney Business School, dean of business Grace McCarthy says there are many ways MBAs prepare graduates for the ‘new job order’. “Data analytics is now a huge focus within MBA courses, helping graduates model not just what’s happened in the past but how they can use data to predict what’s going to happen in the future to identify and take advantage of new opportunities.” While corporate governance has not always been a core feature of MBA courses, McCarthy argues that most MBAs now equip students with an ethical framework within which to make decisions. She says the focus in MBA programs on cultural inclusivity and gender diversity makes them popular with a wide range of employers from multinationals to not-forprofits. “The voluntary sector is increasingly competitive, so organisations need people who can approach the business strategically, yet bring people with them.” The day Voyeur speaks with John Gurskey, Career Management Centre director at Melbourne Business School (MBS), he takes calls from diesel engine manufacturer and Khusan Yuldashev (right). BELOW Grace McCarthy. MBAs are a powerful diferential when competing in the domestic and the global employment market. Cummins, and software corporation SAP, about their need for talent to drive innovation and disruption internally to meet rapidly changing business needs. “These conversations reflect the wider need of companies to hire people who can think about problems in multiple ways,” he says. As part of a strategic alliance between the University of Melbourne, Melbourne Business School and National Australia Bank (NAB), the bank’s innovation hub, NAB Labs, offers MBA students the opportunity to participate in six-week practicums where they solve problems and deliver a prototype and business case for a new customer service or experience. Julian McInerney, NAB’s head of alliances and partnerships, says the practicum exposes students to how innovation takes place in a large financial institution. “In return, we get the benefit of the MBA students’ commercial and financial skills in helping to shape the outcome of the experiment. This model is proving hugely successful for us as the students have shown a great ability to quickly establish themselves as a part of our experiment teams and they bring a fresh, external perspective that adds to the rigour of our business cases and new solutions.” GETTING HIRED Associate MBA director at UQ Business School Libby Marshall says doing an MBA is not a case of ticking a career box. “It enables you to apply what you’ve learnt to complex situations, solve problems and make decisions that achieve the business’ objectives — that’s what companies value.” She adds that MBAs are a globally recognised postgraduate qualification and a powerful differential when competing in the domestic and the global employment market. (The Economist ranks UQ Business School among the best in the world.) Ben Fletcher, the partner in charge of recruiting in VI RGIN AU S TRALIA AUGU S T 2016 139 Varun Wijewardane (left) NAB Labs interns